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Bank of America Still Going Concern, Q3 Results Suggest
Bank of America's still a going concern, if you had any doubts.
I mean, banks fund short to invest
CRE loan book $68BN of which $15.8BN office which is 75% class A. Of office, almost a third criticized (vs under a tenth for entire commercial loan book), NPL% 11% (vs 0.5% for commercial loan book) and origination LTV 55% (which hardly seems safe now). Office is low single digit pct of BAC’s commercial loan book and even smaller pct of total loans, so doesn’t matter . . . for some regionals, it should.